Asked by: Alan Johnson (Labour - Kingston upon Hull West and Hessle)
Question
To ask the Secretary of State for Business, Innovation and Skills, when he expects the report from the Insolvency Service into the collapse of Comet to be published.
Answered by Jo Swinson
The Insolvency Service's fact-finding inquiry into the circumstances surrounding the insolvency of Comet Group Ltd is being conducted under section 447 of the Companies Act. Publication of the findings of such investigations is prohibited by law although when an inquiry results in the winding up of the company, or the prosecution or disqualification of its directors, this is publicised.